Grover Cleveland

Presidency

What financial law passed during Harrison’s term in office did Cleveland oppose and push to repeal?

Cleveland opposed the Sherman Silver Purchase Act of 1890, which required the federal government to buy a fixed amount of silver each month. The law allowed the federal government to release more paper money backed by silver. The farming community had supported the law as a way to increase the economy and ease the amount of debt. Cleveland believed that the law had harmed the economy, in part by draining the federal government of its gold supply.



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